In most situations the seller has a legal duty to disclose facts that might affect the buyer's decision to purchase
Indicate whether the statement is true or false
FALSE
You might also like to view...
The terminology “make-believe media” suggests that media do which of the following?
A. make us believe B. present “fake” news C. create their own fantasies for publication D. are owned by large companies that engage primarily in entertainment
Irwin was the manager of Highlights Grill, a sports bar and restaurant. Irwin opened a bank account in Highlights's name, signing the account signature card as "owner." Jody, who was often at Highlights and had free access to its office, told others that she was "an owner" and "a partner." She also opened a bank account in Highlights's name, and signed the account signature card as "owner." Irwin told Kelton, the owner of Natural Cheeses, Inc., that Jody was a member of a partnership that owned Highlights. On this basis, Natural Cheeses delivered its goods to Highlights on credit. In fact, Highlights was owned by a corporation. When the unpaid account totaled more than $10,000, Natural Cheeses filed a suit against Jody to collect. On what basis might Jody be liable for the debt?
What will be an ideal response?
Starlight Co. makes and sells only one product. The unit contribution margin is $6 and the break-even point in unit sales is 24,000. The company's fixed costs are:
A. $14,400. B. $4,000. C. $144,000. D. $40,000. E. None of the answers is correct.
A binding obligation that goes with property when it is transferred to a new owner, who must abide by the obligation, is called a(n):
a. lien b. estate limitation c. mortgage d. possessory e. none of the other choices are correct